Duration of Agreement & Termination. 1. The duration of this agreement will be unlimited. However, either party to this agreement may terminate it at any time, for new business only, by giving thirty days' notice in writing to the other party. MARC will continue to accept reinsurance during the thirty-day period and will remain liable on all reinsurance already placed in force under the terms of this agreement until such contracts are terminated between the original insured and the Ceding Company.
Appears in 2 contracts
Samples: Novation Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
Duration of Agreement & Termination. 1. The duration of this agreement will be unlimited. However, either party to this agreement may terminate it at any time, for new business only, by giving thirty days' notice in writing to the other party. MARC REINSURER will continue to accept reinsurance during the thirty-day period and will remain liable on all reinsurance already placed in force under the terms of this agreement until such contracts are terminated between the original insured and the Ceding Company.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (National Variable Life Insurance Account)
Duration of Agreement & Termination. 1. The duration of this agreement will be unlimited. However, either party to this agreement may terminate it at any time, for new business only, by giving thirty ninety days' notice in writing to the other party. MARC will continue to accept reinsurance during the thirtyninety-day period and will remain liable on all reinsurance already placed in force under the terms of this agreement until such contracts are terminated between the original insured and the Ceding Company.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (American National Variable Life Separate Account)
Duration of Agreement & Termination. 1. The duration of this agreement will be unlimited. However, either party to this agreement may terminate it at any time, for new business only, by giving thirty days' notice in writing to the other party. MARC will continue to accept reinsurance during the thirty-day period and will remain liable on all reinsurance already placed in force under the terms of this agreement until such contracts are terminated between the [LOGO OF MARC MUNICH RE GROUP] original insured and the Ceding Company.
Appears in 1 contract
Samples: Mony America Variable Account L
